Washington is broken - Aug 31

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dan_s
Posts: 34642
Joined: Fri Apr 23, 2010 8:22 am

Washington is broken - Aug 31

Post by dan_s »

Democrats call on House leadership to use spending plan to repeal fossil fuel subsidies. The Hill.
A group of more than 50 Democrats is calling on Speaker Nancy Pelosi (D-Calif.) and House Majority Leader Steny Hoyer (D-Md.) to include a repeal of fossil fuel subsidies in the party’s multitrillion-dollar infrastructure package. The group, led by Reps. Carolyn Maloney (D-N.Y.) and Ro Khanna (D-Calif.), penned a letter to the Democratic leaders Monday asking that the repeal of fossil fuel subsidies be included in Democrats’ Build Back Better Act because they do not bolster U.S. energy independence or create new jobs.

Additional taxes on upstream companies are just passed on to consumers in higher fuel prices. Biden's promise of "no tax increases on the middle class" was total BS. Higher corporate taxes are ALWAYS passed on to consumers as higher cost of living.
Dan Steffens
Energy Prospectus Group
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